Financial crisis
I am writing with regard to the letter dated, 24 October 2008, by 'Engineer' Shafi Ahmed. It's not fair to compare the bonus culture with the endemic corruption in Bangladesh.
I have worked as a consultant for Barclay's, Royal bank of Scotland, ABN Amro and the Woolwich bank. The bonus is based on performance. It's transparent as we are appraised on our performance that is agreed at the beginning of the working year with the line managers. Each year we have to perform 20% better than what we did the previous year. Thus, if we perform as we did the previous year then that is not good enough - thus no bonuses. Sadly, we have to pay tax on the bonus too. Aren't there bonuses in Bangladesh for Eid?
I have never paid underhand my 'bosses' for postings and promotions. In all my life in the UK, (32 years), I have never paid anyone-- from the gas man, school teachers, telephone engineer to council officers to get anything done, other than the fees that are required, as known by everyone, and usually straight to the company or council's account.
Mr Ahmed's comment about motivating staff to do more by threatening them with demotion and dismissal are rather simplistic. I sincerely hope more positive methods are used in Bangladesh.
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